Question

find the current balance for the account.
balance from bank statement outstanding checks deposits not yet recorded
$5852.44 $30.81 $904.98
$648.13 $720.34
$801.58

the current balance is $\square.

Explanation:

Step1: Calculate total outstanding checks

To find the total outstanding checks, we sum up the amounts of outstanding checks: \( 30.81 + 648.13 + 801.58 \)
First, \( 30.81 + 648.13 = 678.94 \)
Then, \( 678.94 + 801.58 = 1480.52 \)

Step2: Calculate total deposits not yet recorded

To find the total deposits not yet recorded, we sum up the amounts of deposits not yet recorded: \( 904.98 + 720.34 \)
\( 904.98 + 720.34 = 1625.32 \)

Step3: Calculate current balance

The formula for current balance is: \( \text{Balance from Bank Statement} - \text{Total Outstanding Checks} + \text{Total Deposits Not Yet Recorded} \)
Substitute the values: \( 5852.44 - 1480.52 + 1625.32 \)
First, \( 5852.44 - 1480.52 = 4371.92 \)
Then, \( 4371.92 + 1625.32 = 5997.24 \)

Answer:

\( 5997.24 \)